Heating oil costs in the US skyrocketed to a record large for tiny firms and other buyers in the past week. New knowledge from the […]
Tag: oil
U.S. crude oil futures for May plummet to minus $37 — lowest price in history
U.S. crude oil prices dropped by almost 300 percent to turn negative for the first time as plunging demand pushed storage facilities to their limits. […]
Cheap oil? A pandemic? No big deal for renewable energy, experts say
When the coronavirus pandemic began to sweep through Spain, workers on the 500-megawatt Núñez de Balboa solar park didn’t stay at home while the country […]
Oil major Shell slashes dividend for the first time since World War II
Oil giant Royal Dutch Shell on Thursday cut its dividend to shareholders for the first time since World War II, following a dramatic slide in […]
‘This is a great time to buy oil,’ Trump says as prices plunge into negative territory
After a tumultuous day that saw oil futures falling into negative territory, President Donald Trump suggested the U.S. could either purchase roughly 75 million barrels […]
OPEC and allies agree to historic oil production cut
Oil prices moved higher early Monday morning stateside after OPEC and its allies agreed to cut production by 9.7 million barrels per day. The deal, […]
Crucial deal to cut oil production hangs in the balance as Mexico balks
A historic production cut agreement between OPEC and its allies, known as OPEC+, hit a roadblock after Mexico refused to agree to its share of […]
Potential oil deal between Saudi Arabia and Russia could lift gloom over U.S. energy sector
Oil prices jumped on Thursday on reports that Saudi Arabia and Russia have reached a deal on production cuts at an emergency meeting between the […]
Dow closes up 800 points after oil rallies, Sanders drops out
Stocks surged on Wednesday after Sen. Bernie Sanders announced he is suspending his presidential campaign, leaving Wall Street-friendly former Vice President Joe Biden as the […]
Trump wanted lower oil prices, but now he’s meeting with industry executives to discuss how to raise prices
President Donald Trump is scheduled to meet with executives from the energy sector on Friday afternoon, including the president and CEO of the industry’s largest […]
U.S. set to lose title as top oil producer as demand plunges and gas drops below $1 per gallon
The oil market is in free fall, with one benchmark price hovering around $20 a barrel, and the national average price of gas dipping below […]
Russia-Saudi price war sends oil prices plummeting amid coronavirus anxiety
LONDON — The new coronavirus outbreak’s disruption to the world economy — with fewer planes flying, ships sailing and factories producing — has recently pushed […]
Dow futures tumble as Saudi-Russia oil price war adds to coronavirus stress
Stocks across the world tumbled early Monday after a shocking all-out oil price war added to anxiety around the economic fallout from the spreading coronavirus. […]